Monday, January 30, 2012
Building Impact Announces Pilot Expansion to Hartford at Annual Celebration
BOSTON Leaders in Boston real estate, business and philanthropy gathered Thursday night to celebrate Building Impact, the innovative nonprofit that promotes volunteerism and giving to nearly 20,000 people across Greater Boston. Celebrating a banner year where the organization raised more than $600,000 in donations, supplies, and volunteer time for local communities, Building Impact also took the occasion to announce its first out-of-state program expansion to Hartford, Connecticut. Building Impact has signed an agreement to bring its groundbreaking civic engagement programming to Hartford in a pilot deal with New Boston Fund, a private equity real estate investment, development and management firm.
"New Boston Fund has been a proud partner of Building Impact for almost five years, and we are honored to help them expand into Connecticut for the first time," said Gary Hofstetter, Senior Vice President and Northeast Regional Director, New Boston Fund. "We have seen how our tenants and residents in Massachusetts have enjoyed the opportunity to take advantage of Building Impact's incredible community involvement programs, and are thrilled to now provide these same services to our tenants at the Rocky Hill Commercial Properties and Windshire residential community in Connecticut."
Building Impact CEO, Charlotte M. Streat led an aggressive charge to pilot out of state, "Our team worked hard to make this happen. It's an exciting time at Building Impact. Our unique expertise means we can maximize the impact of every service experience for our Hartford participants. It's truly a win-win all around and we're thrilled to expand our partnership with New Boston Fund."
At Thursday night's celebration, Building Impact recognized key partners in their community service work, including Ed Marsteiner, Partner/Director of Acquisitions at National Development and Fred Kramer, President of ADD Inc, who also hosted the Building Impact event at their office.
"Building Impact's mission and business model is elegant and simple. Their team is outstanding and they are achieving measureable results and making a powerful difference in our communities. We are proud to support them in any way that we can," said Mr. Kramer.
Ed Marsteiner of National Development referenced the real estate sector's social responsibility, "We in real estate have an obligation to give back to communities that support our industry and help us to thrive. Partnering with Building Impact is an effective way we do that. We hope more companies will join us in supporting this innovative organization."
Building Impact has momentum entering 2012, with influential sponsors such as Paradigm Properties, National Development, The Bulfinch Companies, AEW, Vanasse Hangen Brustlin (VHB), all ready to roll-up their sleeves and give back. The United Way has also renewed its commitment to Building Impact and its civic engagement approach that offers companies quality service experiences within a pre-screened network of 40+ local nonprofits.
Celebrating Service: Building Impact, the Boston nonprofit that connects companies with volunteer opportunities out in the community, announced its first out-of-state expansion to Hartford at its Annual Celebration on Thursday. From Left, Ed Marsteiner, Partner/Director of Acquisitions, National Development Group, Inc.; Charlotte M. Streat, CEO, Building Impact; Jon Aram, Partner, NextStreet Financial.
About Building Impact
Building Impact is a 501(c)3 nonprofit founded in 2004 that connects companies and individuals with volunteer opportunities out in the community. BI makes service convenient, fun—yet meaningful, and helps people fit "giving back" into their busy lives. In 2011, Building Impact's Connect Program generated over $600,000 in donations including clothing, educational supplies, food and donated time. Building Impact ran 349 community service opportunities, including volunteer opportunities, donation and blood drives that filled service gaps at over 40 local nonprofit agencies across Greater Boston, the Merrimack Valley, and Metrowest. To find out more about Building Impact, log onto www.buildingimpact.org.
About New Boston Fund
New Boston is an independent, privately owned real estate investment manager and an industry leader in providing real estate investment, development and management services with a history of strong sponsorship and oversight of its investment funds. New Boston has developed or acquired commercial and residential properties with a cumulative market value of about $4.4 billion, including 23 million square feet of commercial real estate and 7,500 residential units. Our investment vehicles cater to institutional and high-net worth investors by offering value-add and urban real estate investment funds with a focus on diversification and capital preservation. The New Boston Fund: People, Values, Returns. www.newbostonfund.com
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